Commonwealth Equity Services LLC Sells 9,305 Shares of The Sherwin-Williams Company (NYSE:SHW)

Commonwealth Equity Services LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 168,131 shares of the specialty chemicals company’s stock after selling 9,305 shares during the period. Commonwealth Equity Services LLC’s holdings in Sherwin-Williams were worth $64,171,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. lifted its position in shares of Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after purchasing an additional 917,979 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Sherwin-Williams by 610.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after buying an additional 898,143 shares during the period. Jensen Investment Management Inc. purchased a new stake in Sherwin-Williams during the second quarter worth $169,770,000. 1832 Asset Management L.P. boosted its position in Sherwin-Williams by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after acquiring an additional 496,326 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Sherwin-Williams by 192.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock valued at $116,322,000 after acquiring an additional 258,511 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $388.36 on Friday. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm has a market cap of $97.97 billion, a P/E ratio of 39.59, a P/E/G ratio of 3.01 and a beta of 1.17. The business’s 50 day moving average price is $370.58 and its 200 day moving average price is $333.88.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.5 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams’s payout ratio is currently 29.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SHW shares. Wells Fargo & Company raised their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Robert W. Baird raised their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Evercore ISI upped their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $383.35.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.